Change - Announcement of Cessation::CESSATION OF NON-EXECUTIVE AND INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
ADDVALUE TECHNOLOGIES LTD
Securities
ADDVALUE TECHNOLOGIES LTD - SG1I67883666 - A31
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Aug-2025 17:18:46
Status
New
Announcement Sub Title
CESSATION OF NON-EXECUTIVE AND INDEPENDENT DIRECTOR
Announcement Reference
SG250827OTHRBU09
Submitted By (Co./ Ind. Name)
TAN KHAI PANG
Designation
CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
Cessation of Ms Goh Liang Choo as Non-Executive and Independent Director of the Company

Additional Details

Name Of Person
Goh Liang Choo
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
15/11/2025
Detailed Reason (s) for cessation
Ms Goh Liang Choo has tendered her resignation as an Independent Director of the Company with effect from 15 November 2025 ( Cessation Date ). This will be post the Company's half year results announcement which will be released not later than 14 November 2025. Accordingly, she will also step down as Chairman of the Audit and Risk Committee and as a member of the Nominating and Remuneration Committee on the Cessation Date. This is in line with her earlier request to the Board in early July 2025 to start securing a successor as she felt it is an opportune time for her to retire from the Board. This was in view of the fact that the Company had come out of a challenging period of continuous financial losses for a number of years, to now having 2 continuous profitable years in the last 2 financial years and increased announced order books. Ms Goh would now like to devote more time to her personal commitments and felt it would be timely for the Company to bring in a new independent director and Audit and Risk Committee Chair who can stay with the Company through its next phase of growth. While her intent to retire from the Board was independent to and already indicated to the Board prior to the request from a group of shareholders requesting for 2 directors including herself to resign from the Board, she felt it may be timely now for her to give notice of her intention to step down to accelerate the search while allowing the Board sufficient time to source for a replacement independent director and Audit and Risk Committee Chair.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Yes
If Yes, Please provide full details
Please refer to the Detailed reason(s) for cessation above
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
10/11/2022
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Independent Director
Chairman of Audit & Risk Committee and
Member of Nominating & Remuneration Committee
Role and responsibilities
Roles and responsibilities of Non-Executive and Independent Director,
Chairman of Audit & Risk Committee and
Member of Nominating & Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
$19,500 convertible loan notes and
1,500,000 warrants
Past (for the last 5 years)
Director of Shell Catalysts & Technologies Pte. Ltd. (15 Jul 2012 to 26 Nov 2021)
Present
Nil